ANVESHAK-International Journal of Management

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Transparency and Climate Change:A Study of Companies on the Sustainability Disclosure Forefront


Affiliations
1 Department of Economics, Mata Sundari College for Women, University of Delhi, New Delhi, India
2 Department of Environmental Studies, Mata Sundari College for Women, University of Delhi, New Delhi, India
     

   Subscribe/Renew Journal


Sustainability disclosure is an important technique for enhancing overall sustainability measures of companies. This is an important aspect as it shoves the companies on to a sustainable pathway. India is on a rapid economic development pathway and this brings it face to face with service, products and process options of development, which are cheaper and easier to access but which could prove to be disastrous, from the point of view of sustainability and imminent climate change.

India in its intended nationally determined contribution (INDC) released on October 2, 2014 commits cutting emission intensity by 33‒ 35% by 2030 from 2005 levels along with increasing share of non-fossil fuels energy in its total mix to 40%. This ambitious target can be possible only with the cooperation and active participation of companies. Sustainability disclosure is a stepping stone towards environmentally feasible measures. According to the Prakash Jadavekar, Minister of State for Environment, Forests and Climate Change, the Indian companies have learnt the green mantra for sustainable development, that going green makes good business sense too.

The companies making disclosures are now making long term investment in low carbon purchase, renewable installations and greener infrastructure among others. Moreover, the numbers of companies making disclosure on the sustainability front are also increasing over the last few years. The past 3 years have seen Indian companies increasing transparency through disclosures as a commitment towards climate change responsibilities. The number of companies, with score above 90 for disclosure, has increased from 11% in 2013 to 65% in 2015.


Keywords

Companies, Disclosure, Environment, Sustainability, Transparency.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Accenture Strategy (2015a). CDP Climate Change Report 2015, India Edition, CDP, India and Accenture India, pp. 1‒32, https://www.cdp.net/india

  • Accenture Strategy (2015b). Energy Efficiency Bears Fruits For India Inc., November, CDP, India and Accenture India, pp. 1‒32, https://www.cdp.net/CDPResults/CDPIndiaEnergy-Efficiency-Report-2015.pdf

  • Chakraborty, S. (2015). The Amalgamation of Corporate Governance, Sustainability and Make In India, Articles, Institute of Directors, Oct, 2015, pp. 1-2. http://iodonline.com/images/articles2015the-amalgamation-of-corporategovernancesustainability--make-in-india-soumitro-chakraborty-2015.pdf

  • Chakrabarti, R., Megginson, W. and Yadav P.K. (2008). Corporate Governance in India, Journal of Applied Corporate Finance, Vol. No. 20, pp. 59-72.

  • Coulson-Thomas, C. (2015). Environmental Governance Issues for Discussion at Forthcoming World Congress Environment Management, Articles, Institute of Directors June 2015, pp. 1‒4, http://iodonline.com/images/articles2015/colincoulson2015.pdf

  • ICSI, (2012). Sustainability Reporting Series 5, Sustainability and CSR, Institute of Company Secretaries of India, pp. 1-5,http://www.icsi.edu/portals/0/grapes/Sustainability and Reporting Series 5.pdf

  • Jose and Saraf. (2013). Corporate Sustainability Initiatives Reporting: A study of India’s Most Valuable Companies. Working Paper No: 428, September 2013, Indian Institute of Management, Bangalore, pp. 1‒40, file:///C:/Users/admin/Downloads/Corporate Sustainability Initiatives Reporting.pdf

  • NSE India. (2013a). New listing agreement–Clause 32: Disclosures in annual report/Change of name. [Online] Available at:http://www.nseindia.com/corporates/content/ eq_compcalendar.htm. Accessed: 5 August 2013.

  • NSE India. (2013b). New listing agreement–Clause 49: Corporate governance. [Online] Available at: http://www.nseindia.com/getting_listed/content/clause_49.pdf.Accessed: 5 August 2013.

  • Singh, D. (2016). CDP India Reports: Key Findings, conference presentation, Roadmap to a Low Carbon Economy, 2016: Issues, Opportunities and Way Forward, Confederation of Indian Industry (CII), and Friedrich-Naumann- Stiftung für die Freiheit, Germany, Hotel Lalit, New Delhi, India, January 20, 2016.

  • Ahliwalia, J.S. (2015). Environmental Sustainability, Articles, Institute of Directors, July 2015, pp. 1‒5, http://iodonline.com/images/articles2015/environmentalsustainability15.pdf

  • Suratia, C. (2015). Consumerism: A threat to Sustainability, Articles, Institute of Directors, Nov 2015, pp. 1‒2, http://iodonline.com/images/articles2015/consumerism-chintansinh-suratia-15.pdf

  • Surya, D. (2012). Socially Responsible Business in India: Has the elephant finally woken up to the tunes of international trends?', Common Law World Review, 41, Sage Publications, pp. 299–321.


Abstract Views: 328

PDF Views: 1




  • Transparency and Climate Change:A Study of Companies on the Sustainability Disclosure Forefront

Abstract Views: 328  |  PDF Views: 1

Authors

Meenakshi Sinha Swami
Department of Economics, Mata Sundari College for Women, University of Delhi, New Delhi, India
Kavita Singh
Department of Environmental Studies, Mata Sundari College for Women, University of Delhi, New Delhi, India

Abstract


Sustainability disclosure is an important technique for enhancing overall sustainability measures of companies. This is an important aspect as it shoves the companies on to a sustainable pathway. India is on a rapid economic development pathway and this brings it face to face with service, products and process options of development, which are cheaper and easier to access but which could prove to be disastrous, from the point of view of sustainability and imminent climate change.

India in its intended nationally determined contribution (INDC) released on October 2, 2014 commits cutting emission intensity by 33‒ 35% by 2030 from 2005 levels along with increasing share of non-fossil fuels energy in its total mix to 40%. This ambitious target can be possible only with the cooperation and active participation of companies. Sustainability disclosure is a stepping stone towards environmentally feasible measures. According to the Prakash Jadavekar, Minister of State for Environment, Forests and Climate Change, the Indian companies have learnt the green mantra for sustainable development, that going green makes good business sense too.

The companies making disclosures are now making long term investment in low carbon purchase, renewable installations and greener infrastructure among others. Moreover, the numbers of companies making disclosure on the sustainability front are also increasing over the last few years. The past 3 years have seen Indian companies increasing transparency through disclosures as a commitment towards climate change responsibilities. The number of companies, with score above 90 for disclosure, has increased from 11% in 2013 to 65% in 2015.


Keywords


Companies, Disclosure, Environment, Sustainability, Transparency.

References





DOI: https://doi.org/10.15410/aijm%2F2016%2Fv5i2%2F100702